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20100926
20100926
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has a 9.7% unemployment, just pretty much neck and neck with the u.s. rate. and that's because san francisco has some strong job centers for all the new happening web 2.0 or maybe even web 3.0 industries. that's sort of where people want to be. the east bay, alameda and contra costa, are still in the 11% range. that's where the biggest housing bubble was here, and they just have not recovered. silicon valley, santa clara is slowly recovering. we're seeing some manufacturing and other jobs come back there. but that's been a little slower. >> but you feel better already now that the statisticians have told us the recession actually ended a year ago. >> oh, yeah, cheered everybody up. all those people standing in the unemployment lines were really heartened to hear that news. >> but to your point about this being a house, most le a housing-led recession, does that mean, do you think, that we have or have not sort of permanently inherited the mantle of the rust belt states, that always we're the first down and the last up when there's a recession? >> yeah, i don't think that's necessar
was the chief architect of the financial global crisis that is still hurting the u.s. and last year's $787 billion stimulous program was largely summer's idea and he defended it. >> i think the stimulous had a significant impact. tens and thousands of teachers and cops across the country. $53billion delivered to american families. 3,000 projects underway that the calculations suggest that its impact is only going to increase. that we are also seeing 200,000 mortgages have been relieved. it's going to be 500,000 by november 1. i think we are on the right track. >> dr. summers is the third high profile member of president obama's economic team to quit before the end of the president's first two years in office. budget director, peter orszag was the first to leave in july. christina roma was next. the white house is also expecting rahm emanuel to leave the use to run for mayor of chicago. >> if rahm emanuel leaves, he will be the fourth of president obama's closest advisers to have left since july. question, after 20 months, is this presidential staff turnover normal? pat buchanan. >> thi
of the day newt gingrich gave us his contract for america. today, he is occupied with dreams of being president of less than six weeks to go before the midterm election, house republicans revealed a new pledge to america which proposes to extend the bush tax cuts and shutting down the health care law. it involves pulling back on stimulus money and reducing the size of the federal government. what is new on this? >> nothing, it is a portable document which means it is dishonest. they say they will reduce deficits by cutting taxes. it just won't happen. most voters know it is dishonest and it is a document they don't believe in. >> i watched this unveiling as i watched the democrats and it just seems like noise at this point, meaningless noise. in this case it was orchestrated in order to have no ties and everyone sitting around trying to be something there were not and that is exactly what it looked like them up. as far as the november elections, this will not be a positive. it gets them off the party of being no and put something out there. if it doesn't work out the way it should, th
Search Results 0 to 2 of about 3